Sika Announces Strong Financial Start to 2015
Sika recently announced it has achieved highly dynamic growth in the first quarter of 2015, reportedly making a strong start to the year despite the very high sales growth in the reference period. The company announced its sales rose by 5.1% to CHF 1.195 billion (~ $1.22 billion). In terms of Swiss francs, first quarter sales fell slightly by 0.9%. Negative currency effects stemming from the strength of the Swiss franc amounted to 6.0%.
“This successful quarter demonstrates once more that our growth model is working,” said Jan Jenisch, CEO. “In the first three months of the year, we have opened three new factories and our 91st national subsidiary has been founded in Myanmar. By investing in new factories and products, acquisitions and accelerated expansion in growth markets, we will continue our successful course in 2015.”
For more information, visit www.sika.com.